Trends - Wall Street - Business Recorder

Wall Street

Wall Street hedges against possible bumps in US vaccine rollout

As US stock prices have marched to record highs, futures contracts for Wall Street’s “fear gauge” show some...

Published 23 Jan, 2021 03:56am

Markets

Wall St slips as IBM, Intel falter after results

IBM hits two-month low on quarterly revenue miss.
Intel slips on avoiding outsourcing embrace.
Senate to vote on Yellen's Treasury secretary nomination.
Indexes: Dow down 0.54%, S&P falls 0.27%, Nasdaq flat.

Published 22 Jan, 2021 09:36pm

Markets

Wall St slips at open as IBM, Intel weigh

The Dow Jones Industrial Average fell 34.4 points, or 0.11%, at the open to 31141.56.
The S&P 500 fell 8.8 points, or 0.23%, at the open to 3844.24.

Published 22 Jan, 2021 08:16pm

Markets

Nikkei at 30-year high

TOKYO: Japanese shares hit their highest close in 30 years, taking cues from solid overnight performances on Wall...

Published 22 Jan, 2021 04:47am

Markets

Wall Street at record highs as Netflix jumps, Biden inaugurated

NEW YORK: US stocks closed at record highs on Wednesday as Joe Biden was sworn in as the 46th US president, while...

Published 22 Jan, 2021 04:47am

Markets

Thursday's early trade: Indexes hover near record highs

NEW YORK: Wall Street's main indexes hovered near record highs on Thursday as investors counted on more pandemic...

Published 22 Jan, 2021 04:47am

Business & Finance

Euro clings to gains in Europe

LONDON: The euro clung to its gains on Thursday after the European Central Bank stuck to its monetary policy while...

Published 22 Jan, 2021 04:47am

Markets

Wall Street up as Yellen backs more stimulus

NEW YORK: Wall Street’s main indexes rose on Tuesday as US Treasury Secretary nominee Janet Yellen advocated for a...

Published 21 Jan, 2021 04:23am

Markets

European shares surge

MILAN/FRANKFURT: European stocks rose on Wednesday after chip equipment maker ASML and Swiss luxury group Richemont...

Published 21 Jan, 2021 04:23am

Markets

S&P 500, Nasdaq scale record highs as Netflix jumps; Biden takes office

Netflix projects an end to borrowing binge, shares surge.
Morgan Stanley gains as quarterly profit races past estimates.
Joe Biden to be sworn in as US President later in the day.
Indexes up: Dow 0.53%, S&P 0.97%, Nasdaq 1.68%.

Published 20 Jan, 2021 09:31pm

Markets

Global markets firmer ahead of Biden's inauguration

Wall Street stocks pushed higher at the opening bell, with the Dow gaining 0.3 percent.

Published 20 Jan, 2021 08:40pm

Technology

Pandemic-driven cleaning routines boost P&G sales forecast again

The company's shares rose 2% before the opening bell.
P&G said it expects full-year sales to rise 5% to 6%, compared with a prior forecast of a 3% to 4% increase.

Published 20 Jan, 2021 06:01pm

Markets

Wall St closes higher as Yellen backs more stimulus

Tesla Inc shares rose after Jefferies raised its earnings estimates ahead of the electric-car maker's fourth-quarter results next week.

Published 20 Jan, 2021 10:15am

Markets

Tokyo stocks open higher ahead of Biden's inauguration

The dollar fetched 103.89 yen in early Asian trade, against 103.90 yen in New York late Tuesday.

Published 20 Jan, 2021 10:10am

Markets

Tuesday’s early trade: US top indexes up

NEW YORK: Wall Street’s main indexes rose on Tuesday after upbeat earnings from big US banks and Halliburton, ...

Published 20 Jan, 2021 04:29am

Markets

Oil prices climb

• IEA cuts 2021 oil demand outlook, but sees upturn in H2 NEW YORK: Oil prices climbed with US stock markets on...

Published 20 Jan, 2021 04:29am

Markets

Wall St opens higher ahead of Yellen speech; spotlight on earnings

Yellen's speech begins at 10 a.m. ET.
Bank of America, Goldman Sachs rise on profit beat.
Halliburton up after higher sequential profit.
Indexes up: Dow 0.74%, S&P 0.79%, Nasdaq 1.03%.

Published 19 Jan, 2021 09:55pm

Markets

Shares climb, dollar dips before Yellen speech; earnings in focus

World shares rise 0.4%, oil up 1%, US dollar falls.
US stock index futures point to strong start.
Yellen to say US must 'act big' on relief package.
Italian bond yields drop ahead of confidence vote.

Published 19 Jan, 2021 07:52pm

Business & Finance

Goldman Sachs profit more than doubles on underwriting, trading boost

Revenue from global markets, which houses the bank's flagship trading business, registered its best annual performance in a decade.
Total revenue climbed 18% to $11.74 billion. The bank's net earnings applicable to common shareholders rose to $4.36 billion.

Published 19 Jan, 2021 07:32pm

World

Blackstone's Schwarzman: New US admin going to take a 'softer tone' towards China

"There is really a very substantial overlap of interest in these countries and the interest of the world," he said. "I expect to see much less tension."
Investors expected more clarity from Biden's administration regarding the rules but were not hopeful for a fundamental change of relationship between the world's two biggest economies.

Published 19 Jan, 2021 07:15pm

Markets

Yellen to tell lawmakers ‘act big’ on coronavirus relief

The plan calls for bold investment to jump-start the economy and accelerate the distribution of vaccines to bring the virus under control.
We think it more likely that Yellen tries to nudge the USD weaker over the medium term

Published 19 Jan, 2021 07:08pm

Business & Finance

Dollar reaches one-month high in Europe

LONDON: The US dollar strengthened for a third consecutive day on Monday, reaching a four-week high, as risk ...

Published 19 Jan, 2021 04:22am

Business & Finance

Wall St Week Ahead-Earnings season to test surge in regional banks stocks

Regional banks, including Zions Bancorp, First Midwest Bancorp and United Community Banks Inc , are expected to report their quarterly results on Tuesday.

Published 17 Jan, 2021 08:52pm

Markets

S&P 500, Dow drop as big banks fall after results

JPMorgan dips despite posting jump in profit.
Citigroup, Wells Fargo slip after results.
Walmart drops as head of e-commerce to retire.
Retail sales fall again in December.
Indexes: Dow down 0.36%, S&P slips 0.26%, Nasdaq up 0.12%.

Published 15 Jan, 2021 08:29pm

Markets

Wall St Week Ahead-Earnings season to test surge in regional banks stocks

The large banks with the large customers are in better shape across the board" because of their greater access to credit markets and investment banking income.
Regional banks, including Zions Bancorp, First Midwest Bancorp and United Community Banks Inc , are expected to report their quarterly results on Tuesday.

Published 15 Jan, 2021 05:17pm

Markets

Asia shares edge higher as Biden unveils $1.9 trln US stimulus plan

Oil prices, which had risen on a weak dollar and strong Chinese import data, were mixed by midday in Asia as COVID-19 concerns in China hit sentiment.

Published 15 Jan, 2021 10:23am

Markets

Tokyo stocks lower with eyes on fresh US stimulus

In Tokyo, Canon rallied 5.83 percent to 2,195.5 yen after it revised up forecasts for full-year operating profit.

Published 15 Jan, 2021 09:38am

Markets

Stocks climb in anticipation of US stimulus plan, yields up slightly

Dow, Nasdaq hit record highs in early New York trading.
US bond yields, dollar slightly higher.
Biden to unveil stimulus proposal.

Published 14 Jan, 2021 09:38pm

Markets

Stocks rise with Biden stimulus in focus

Wall Street's main indices rose as trading got underway, with the Dow adding 0.3 percent.

Published 14 Jan, 2021 08:22pm

Markets

Australia shares stand pat ahead of US stimulus plan, earnings

Advancers outnumbered decliners on the ASX by 635 to 496, a 1.3-to-1 ratio. There were 65 new highs and 38 new lows.

Published 14 Jan, 2021 12:35pm

Gainers
Losers
Leaders

Stock	Price
Dandot Cement / Jan 24 Dandot Cement Company Limited(DNCC)	11.15 ▲ 0.47 (11.39%)
Saritow Sp. / Jan 24 Saritow Spinning Mills Limited(SSML)	11.20 ▲ 0.20 (8.32%)
Summit Bank / Jan 24 Summit Bank Limited(SMBL)	1.99 ▲ 0.10 (7.57%)
1st Dawood / Jan 24 First Dawood Investment Bank Limited(FDIBL)	2.72 ▲ 0.39 (3.82%)
Pakgen Power / Jan 24 Pakgen Power Limited(PKGP)	30.20 ▲ 0.05 (3.82%)
Samba Bank / Jan 24 Samba Bank Limited(SBL)	7.90 ▲ 0.20 (3.67%)
Chakwal Spinng / Jan 24 Chakwal Spinning Mills Limited(CWSM)	2.09 ▲ 0.06 (3.47%)
Merit Packaging / Jan 24 Merit Packaging Limited(MERIT)	15.70 ▼ 0.00 (3.29%)
Shell Pak. (R) / Jan 24 Shell (Pakistan) Ltd (R)(SHELR)	90.57 ▼ -1.85 (3.26%)
Saudi Pak Leas. / Jan 24 Saudi Pak Leasing Company Limited(SPLC)	1.96 ▲ 0.31 (3.16%)

Stock	Price
Bawany Air / Jan 24 Bawany Air Products Limited(BAPL)	20.10 ▼ 1.85 (-8.43%)
Shaheen Ins. / Jan 24 Shaheen Insurance Company Limited(SHNI)	4.51 ▼ 0.06 (-7.96%)
Habib Ins. / Jan 24 Habib Insurance Company Limited(HICL)	7.51 ▼ 0.59 (-7.28%)
Tri-Star Power / Jan 24 Tri-Star Power Limited(TSPL)	5.32 ▼ 0.45 (-4.49%)
Grays Leas. / Jan 24 Grays Leasing Limited(GRYL)	5.12 ▼ 0.69 (-4.12%)
Faysal Bank / Jan 24 Faysal Bank Limited(FABL)	20.50 ▼ 0.35 (-3.53%)
Aisha Steel / Jan 24 Aisha Steel Mills Limited(ASL)	23.75 ▼ 0.53 (-3.46%)
Soneri Bank / Jan 24 Soneri Bank Limited(SNBL)	10.70 ▼ 0.29 (-3.17%)
Rupali / Jan 24 Rupali Polyester Limited(RUPL)	30.50 ▼ 0.89 (-2.84%)
Netsol Tech. / Jan 24 NetSol Technologies Limited(NETSOL)	186.53 ▼ 4.43 (-2.81%)

Stock	Volume
K-Electric Ltd / Jan 24 K-Electric Limited(KEL)	54,062,500 ▲ -0.13
Fauji Foods / Jan 24 Fauji Foods Limited(FFL)	24,684,000 ▼ 0.35
Invest Cap. Bank / Jan 24 Invest Capital Investment Bank Limited(ICIBL)	23,728,000 ▼ 0.87
Pak Int.Bulk Ter / Jan 24 Pakistan International Bulk Terminal Limited(PIBTL)	21,726,500 ▼ 0.22
Fauji Fert. Bin / Jan 24 Fauji Fertilizer Bin Qasim Limited(FFBL)	20,997,000 ▼ 0.91
TRG Pak. / Jan 24 TRG Pakistan Limited(TRG)	16,525,000 ▼ 0.18
Hum Network / Jan 24 Hum Network Limited(HUMNL)	16,224,000 ▼ 0.14
SILKBANK / Jan 24 Silkbank Limited(SILK)	14,639,500 ▼ 0.02
Azgard Nine / Jan 24 Azgard Nine Limited(ANL)	14,311,500 ▼ 0.53
Unity Foods / Jan 24 Unity Foods Limited(UNITY)	11,953,194 ▲ -0.29

Markets →

Forex
World
Econ

Currency	Rate
USD PKR Interbank Selling / Jan 23	160.75
USD PKR Interbank Buying / Jan 23	160.65
USD to Japanese Yen / Jan 23	103.81
USD to Swiss Franc / Jan 23	0.89
Pound Sterling to USD / Jan 23	1.37
Euro to USD / Jan 23	1.22

Stock	Volume
S&P 500 / Jan 23	3850.96
India Sensex / Jan 23	48878.54
Tokyo Nikkei / Jan 23	28631.45
Nasdaq / Jan 23	13559.29
Hang Seng / Jan 23	29447.85
FTSE 100 / Jan 23	6695.07
Dow Jones / Jan 23	31048.96
Germany DAX 30 / Jan 23	13873.97
France CAC40 / Jan 23	5559.57

Indicator	Value
UK LIBOR % / Jan 23	0.09

Wall Street

Wall Street hedges against possible bumps in US vaccine rollout

Wall St slips as IBM, Intel falter after results

Wall St slips at open as IBM, Intel weigh

Nikkei at 30-year high

Wall Street at record highs as Netflix jumps, Biden inaugurated

Thursday's early trade: Indexes hover near record highs

Euro clings to gains in Europe

Wall Street up as Yellen backs more stimulus

European shares surge

S&P 500, Nasdaq scale record highs as Netflix jumps; Biden takes office

Global markets firmer ahead of Biden's inauguration

Pandemic-driven cleaning routines boost P&G sales forecast again

Wall St closes higher as Yellen backs more stimulus

Tokyo stocks open higher ahead of Biden's inauguration

Tuesday’s early trade: US top indexes up

Oil prices climb

Wall St opens higher ahead of Yellen speech; spotlight on earnings

Shares climb, dollar dips before Yellen speech; earnings in focus

Goldman Sachs profit more than doubles on underwriting, trading boost

Blackstone's Schwarzman: New US admin going to take a 'softer tone' towards China

Yellen to tell lawmakers ‘act big’ on coronavirus relief

Dollar reaches one-month high in Europe

Wall St Week Ahead-Earnings season to test surge in regional banks stocks

S&P 500, Dow drop as big banks fall after results

Wall St Week Ahead-Earnings season to test surge in regional banks stocks

Asia shares edge higher as Biden unveils $1.9 trln US stimulus plan

Tokyo stocks lower with eyes on fresh US stimulus

Stocks climb in anticipation of US stimulus plan, yields up slightly

Stocks rise with Biden stimulus in focus

Australia shares stand pat ahead of US stimulus plan, earnings

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